VeChain is a blockchain platform that implements distributed registries to reduce entry barriers, is compatible with smart contracts and is designed to improve the supply chain and accelerate the mass adoption of blockchain technology. Using the functions of meta transactions, the method of consensus with confirmation of authority (PoA), the management mechanism in the blockchain and a unique system with two tokens, the VeChainThor blockchain hopes to solve the problem of launching large-scale commercial decentralized applications (dApps).

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VeChain

VeThor token is a VIP-180 token, is the cost of using the VeChainThor blockchain and essentially represents the level of smart contracts on the network. Its main goal is to facilitate processes and transactions in the blockchain. VTHO is an integral part of VeChainThor's work.

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VeThor Token

🥇 ($10,000) Team Movelo built a fully-fledged app (try it out! 👇) so companies can pay their employees to bike or walk to work and reduce global CO2 emissions 💨 They leveraged vechain’s fee delegation to let companies pay for gas fees, so employees don’t have to 🏃‍♀️

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Movelo, a 'Move-to-Earn' app, built on #vechain in 36 hours at our recent Harvard Hackathon!

'X-to-Earn' is the Web3 model - your data, your value - and thanks to fee delegation, users will never pay gas fees on our #blockchain.

#buidl: https://t.co/KKHEdeLANR

#crypto #VET

Movelo, a 'Move-to-Earn' app, built on #vechain in 36 hours at our recent Harvard Hackathon.